Industrial Nanotech (PK) (USOTC:INTK)
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Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging global leader
in nanotechnology, announced today that the Company's newest patented
energy efficient product, Nansulate EPX, was successfully demonstrated
by the Company's Turkish distributor, Kolorgen Ltd, at Textile Machinery
2008 - the 25th International Textile Machines,
Side Industries, and Textile Chemicals Fair held in Istanbul May 14-18,
2008.
“At the exhibition, people were amazed to see
a 140 C (252 F) temperature difference with just a 6 millimeter
thickness of EPX,” explained Dr. Vedat Bilgin
of Kolorgen Ltd. “The hot plate temperature
was 200 C (392 F) and the surface temperature of the thin metal panel
coated with Nansulate EPX and placed on it was less than 60 C (140 F).
The performance of EPX is beyond belief! The higher temperature
stability of EPX opens up higher temperature using markets such as
glass, ceramic, cement, petrochemicals, etc. I personally believe that
we can decrease the world's energy demand significantly, just by using
Nansulate, wherever applicable. You really have great minds over there."
Kolorgen, Ltd. has increased their initial order of Nansulate EPX from
one shipping container of 1800 gallons to a total of 2100 gallons with a
retail value before distributor discount of $220,500.00 USD. This is in
addition to the recent order of over $1,000,000 USD placed by Kolorgen
for Nansulate High Heat and Nansulate PT which the Company began
shipping to them last month.
Dr. Bilgin continued, “We met some of the
biggest textile and machinery producers and they were all interested in
the quick curing EPX for immediate energy savings. The estimated
potential in the textile market in Turkey alone is worth more than 200
million USD and we expect to grab a minimum of 5% of this untapped
market within the next 12 months.”
Nansulate EPX has an industry high thermal insulation capability
combined with exceptional fire resistance and excellent chemical
resistance. Nansulate EPX also provides protection against corrosion,
the ability to be applied from one eighth inch thick to several inches
thick, a rapid cure time, durability in severe service environments, and
is a strong, very light weight, easy-to-apply material.
“This was a very important first demonstration
for our patented Nansulate EPX system,” stated
Francesca Crolley, V.P. of Operations & Marketing for Industrial
Nanotech, Inc. “Based on the fact that we have
orders for Nansulate EPX totaling nearly half a million dollars before
printing the first brochure, we believe this could be a home run
product. After almost three years of development, we are pleased with
the exceptional performance of this extraordinary product and the
enthusiastic reception it is receiving in the marketplace.”
Nansulate® EPX is the Company’s
newest addition to their patented line of greentech coatings which have
a four year track record of providing energy and cost saving solutions
for industry and homeowners worldwide.
About Nansulate(R)
Nansulate(R) is the Company's patented product line of specialty
coatings containing a nanotechnology based material, and which are
well-documented to provide the combined performance qualities of thermal
insulation, corrosion prevention, resistance to mold growth, lead
encapsulation, chemical resistance, and fire resistance in an
environmentally safe, water-based, coating formulation. The Nansulate(R)
Product Line includes both industrial and residential coatings.
About Industrial Nanotech Inc.
Industrial Nanotech Inc. is quickly emerging as a global nanoscience
solutions and research leader. The Company develops and commercializes
new and innovative applications for nanotechnology. Additional
information about the Company and its products can be found at their
websites, (http://www.industrial-nanotech.com)
and (http://www.nansulate.com).
Safe Harbor Statement
Safe Harbor Statement under the Private Securities Litigation Reform Act
of 1995: This release includes forward-looking statements made pursuant
to the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995 that involve risks and uncertainties including, but
not limited to, the impact of competitive products, the ability to meet
customer demand, the ability to manage growth, acquisitions of
technology, equipment, or human resources, the effect of economic and
business conditions, and the ability to attract and retain skilled
personnel. The Company is not obligated to revise or update any
forward-looking statements in order to reflect events or circumstances
that may arise after the date of this release.